Twin Disc, Incorporated (NASDAQ:TWIN) Will Post Fourth Quarter 2022 Earnings of $0.07 Per Share, Oppenheimer Forecasts

Twin Disc, Incorporated (NASDAQ:TWIN) – Equity researchers at Oppenheimer reduced their fourth quarter 2022 EPS estimates for Twin Disc in a research note published Thursday, February 3. Oppenheimer analyst N. Kaye now expects the industrial products company to earn $0.07 per share for the quarter, down from its previous forecast of $0.09. Oppenheimer also released Twin Disc earnings estimates for fiscal year 2023 at $0.66 EPS. Twin Disc (NASDAQ:TWIN) last announced its results on Wednesday, February 2. The industrial products company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 per ($0.34). Twin Disc had a negative net margin of 6.82% and a negative return on equity of 1.72%. In the same quarter of the previous year, the company achieved EPS of ($0.32).

Several other research companies have also recently commented on TWIN. TheStreet downgraded Twin Disc’s shares from a “d+” rating to a “c-” rating in a Monday, Dec. 6 research note. Zacks Investment Research downgraded Twin Disc shares from a “hold” rating to a “sell” rating in a Wednesday, November 3, research note.

TWIN stock opened at $12.56 on Friday. The company has a market capitalization of $170.80 million, a PE ratio of -11.02 and a beta of 1.65. Twin Disc has a one-year minimum of $8.06 and a one-year maximum of $16.20. The company’s 50-day moving average price is $11.70 and its two-hundred-day moving average price is $12.27. The company has a debt ratio of 0.32, a quick ratio of 0.92 and a current ratio of 2.42.

Several hedge funds and other institutional investors have recently changed their holdings in TWIN. FMR LLC increased its stake in Twin Disc shares by 14.9% in the second quarter. FMR LLC now owns 184,550 shares of the industrial products company worth $2,626,000 after purchasing an additional 23,892 shares during the period. Vanguard Group Inc. increased its stake in Twin Disc shares by 5.1% in the second quarter. Vanguard Group Inc. now owns 476,578 shares of the industrial products company worth $6,782,000 after purchasing an additional 22,994 shares during the period. Geode Capital Management LLC increased its stake in Twin Disc shares by 4.5% in the second quarter. Geode Capital Management LLC now owns 75,222 shares of the industrial products company worth $1,070,000 after purchasing an additional 3,205 shares during the period. Pacific Ridge Capital Partners LLC increased its stake in shares of Twin Disc by 4.2% in the second quarter. Pacific Ridge Capital Partners LLC now owns 875,944 shares of the industrial products company worth $12,465,000 after purchasing an additional 35,425 shares during the period. Finally, State Street Corp bought a new stake in Twin Disc in the second quarter worth $466,000. 56.08% of the shares are currently held by institutional investors.

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About Twin Disc

Twin Disc, Inc is engaged in the manufacture and sale of marine and off-road power transmission equipment. It operates through the following segments: Manufacturing and Distribution. The Manufacturing segment refers to manufacturing, assembly and office facilities in Racine, Wisconsin, USA, Nivelles, Belgium, Decima, Italy and Switzerland.

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